Alternatives that Work, Ones that Don’t

Report Exposes Expense and Pitfalls of Some Payday 'Alternatives'.

NCLC researchers reviewed hundreds of small loans. Our research found that some loans offered by banks and credit unions as "alternatives" to high-cost, short-term payday loans may instead plunge consumers into a costly and nearly inescapable debt cycle – just like payday loans! Affordable alternatives are available for consumers who seek them out.